Authorizes the insurance commissioner to waive certain filing requirements for an out-of-state health maintenance organization to expedite the certification process. (SB756 SD1 HD1)

A BILL FOR AN ACT

SECTION 1. Chapter 432D, Hawaii Revised Statutes, is amended by adding a new section to be appropriately designated and to read as follows:

"§432D-   Foreign health maintenance organization; certification. (a) Notwithstanding section 432D-2 or any law to the contrary, the commissioner may waive the filing of any information required to be filed under section 432D-2(c)(1) to (5), (9), and (10) by a foreign corporation authorized to do business in another state; provided that filing shall not be waived for information required for a certificate of authority imposed by this State that is in addition to information required by the state or states in which the corporation is authorized to do business.

(b) Nothing in this section shall limit the commissioner's authority to require a foreign health maintenance organization to proceed with the certification process under this chapter if the commissioner, in the commissioner's sole discretion, determines that it would be in the public interest."

SECTION 2. New statutory material is underscored.

SECTION 3. This Act shall take effect on July 1, 2020.